What is non-priority unsecured debt?

Answer There are two types of debt in the world: secured and unsecured. Secured debt is that for which some item, like a house or car, is used as collateral in case you default on the loan. Unsecured debt... Read More »

Top Q&A For: What is non-priority unsecured debt

What is unsecured debt?

Unsecured debt is a loan you receive or a debt you incur that is not "secured"--backed--by an asset or other collateral. For example, your mortgage loan is secured debt, because it is backed by you... Read More »

How to Negotiate Unsecured Debt?

Consumers with large amounts of unsecured debt (such as credit cards and student loans) can find it exceedingly difficult to shoulder the burden of those debts and meet other monthly obligations.Fo... Read More »

What is a restructure of unsecured debt?

A restructure of unsecured debt is a negotiation where you and your creditors (the people you owe money to) agree to a change in the terms and conditions of how and when you will pay them back.Unse... Read More »

How to Consolidate Unsecured Debt?

Consumers carrying too much unsecured debt may choose from a few options to find relief and pay down their unsecured debt. One such option is debt consolidation. Debt consolidation can be undertake... Read More »